A Nation of Millionaires: Unleashing America's Economic Potential

by Robert J. Genetski

Is it possible for every American to retire as a millionaire? In A Nation of Millionaires: Unleashing America's Economic Potential, renowned economist Robert J. Genetski outlines a plan that would... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 096320274X
• ISBN13: 9780963202741
• Release Date: January 1997
• Publisher: University Press of America
• Length: 184 Pages
• Weight: 1.00 lbs.
• Dimensions: 1.0" x 6.0" x 9.0"

Customer Reviews

Redistributing your Wealth from the Government To You

This is a nice fast read on how we should reduce government control of our money and give it back to the citizens, empowering them to make their own decisions about how their own money should be spent. The government has not been a good steward of our money as far as benefitting its citizens and Genetski mentions that only you know what is in your own best interest, not the government. The book represents the more sensible side of libertarianism. The best way for us become millionaires by the end of our working lives is to reform the pyramid scam of social security by having us invest our money in our own private retirement accounts where we would gain interest on our own investments over time. As it is now, the social security system is bankrupt and there is no money being invested for our future retirements, but we are only paying for the benefits of retirees living now. Genetski has a fair plan for what to do with retirees' benefits now. Chile and other South American countries have already achieved positive results by privatizing their social security system and avoiding the waste. mismanagement, and scams that governments inevitably create. The next area that needs to be reformed is health care in which citizens should be able to have their own private investment accounts to provide for their own health care. As it is now, the government-funded healthcare system is causing costs to skyrocket and decisions about your healthcare are beginning to made by bureaucrats, not by you as a citizen. Part of being a free citizen is having the ability to make your own decisions about your retirement, education, and healthcare and not having the government decide for you. Other reforms which would help us get our wealth back from the government is privatizing education, doing cost/benefit analysis on regulations, making environmentalism market-based, and achieving tort reform in the legal system. As far as educational reform goes, Genetski proves his point that private education is cheaper and better than public education. The money sunk into public education should be given to the citizen to make their own decisions about which schools they should give their money to. Such a system would produce the excellence that competition between schools would bring. The near monopoly of public education now is giving us an inferior education at a high price. Genetski proves that even the lowest paid worker can end up a millionaire at the end of his working life, if these reforms are made. If only our government had our best interests in mind and there weren't special interests blocking our way, I suppose these reforms could be made much more quickly.

Brilliant book

Shows how just about anyone can retire a millionaire. They only thing which stands in your way is the fat-beyond-belief, completely ineffective and clumsy Uncle Sam. Imagine a whole nation of millionaires (and that's with very low or no inflation). The fact is - it's 100% doable, read the book and you'll find out how.

A political blueprint for restoring the American dream

Amidst declining prosperity, stagnating economic growth, and lower savings rate - a large portion of America's population is faced with little or no money for retirement and stagnating income that loses to inflation. Genetski offers a true vision of the American Dream - repealing the sacred cows of the New Deal and the Great Society in favor of an opportunity society where we the people gain unprecedented control of the fruits of their labor. In this opportunity society, "the private, productive work force is so attractive, no one can afford to be left out." Among the remedies in this free-market prescription our: Social Security privatization, medical savings accounts, reforming the education system and tort reform. There is in an old saying that when you subsidize failure and poverty you get more of both-vis-a-vis, when you subsidize savings and investment capital, you reap more prosperity.